Wasting your time with things I find interesting, amusing, or enraging. Reinke does not work for, consult to, own shares in or receive funding from any company or organisation that would benefit from this article, and has no relevant affiliations

Perhaps you could (if you are so moved), or one of your bright interns (you exploiter of the youth), could write an appropriate text for Wikipedia that truly reflect such an important word.

I’d do it, but I’m just a fat old white guy injineer. Remember the sources of my education: I’m just a fat old white guy injineer with: Law “degree” from watching Judge Judy, Medical “degree” from watching Doctor Phil, Building “degree” from watching “Holmes on Homes”, and Investing “degree” from reading about Bernie Made-off.

To which I’ll probably add ekenomicks from reading Mises and Rockwell. Yes, in college, (manhattan college manhattan dot edu), in my economics course, “Human Action” was on the supplemental reading list. And I read it then. Didn’t understand most of it. Surprised? Don’t be; in theology, we had to read a translation of Luther’s Ninety-Five Theses, Bhagavad Gita, and “Essays in Zen Budhism”. I hated that class; the Professor had a thing for “God and the Ways of Knowing” by Jean Danielou. Even four decades later, I can remember him babbling on about good old Danny Lou. But, those were the days. When Universities were truly about imparting wisdom regardless of the source. Not like today when it’s ersatz “whizdumb”.

Fiat Money: The Fuel of Government
October 15, 2009 in Book Reviews, Economics
End the Fed
By Ron Paul

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The ability to print money gives the government unlimited power. If you tax the people too much they rebel. But if you declare your paper to be the only thing used as legal tender and allow yourself to print as much of it as you want, there’s no limit to what you can do. The effects of inflation are as real as any tax. It’s just that the people are slower to notice and connect their lower living standards to the actions of the government. The scariest power that the Federal Reserve gives government is that to wage war.

Your Salary Not Slashed Yet? Just Wait, it Could Still be Offshored
By Rocky Vega

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It’s not an isolated occurrence, as former White House economist Alan Blinder points out, 38 percent of American jobs could ultimately meet this fate. He recommends that measures be immediately taken in anticipation of these extraordinarily tough times.

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In the formula of how much of an emergency fund you need, you better reassess how stable your job is.

That was what I thought the lie was. Based on my summer, with a birth and a surgery, I could not believe the overhead and price inflation caused by insurance companies. You can read about it on my JibberJobber blog, but understand that the hospital bills for the birth of my kid were about 60% discounted because we were self-pay, and we paid up front.

In other words, because we bypassed the health insurance system we were able to avoid 60% of the cost. Unbelievable.

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My observation on the upcoming “Obama-care” where the gooferment will become — in quick order — my “insurance company”. (Yeah, I know what they say. But, I think it’s going to be “Medicare for everyone”. To paraphrase Judge Judy, “I wouldn’t believe you …” (i.e. a congress critter; any politician) “… if your tongue came notarized!”

If my insurance company screws me, I can go to the gooferment for relief. If the gooferment aka my insurance company screws me, to whom do I go to for relief? To the gooferment’s courts?

Noting that a return to pre-crisis economics is impossible, the president assured the world that his administration will pursue policies to increase savings and decrease spending at home and challenged his Chinese counterparts to enact measures with the opposite effect in their own country.

While this is roughly what needs to happen, President Obama is actually doing everything in his power to prevent it. In point of fact, every policy move undertaken by his administration has exacerbated the very imbalances he supposedly wants to curtail. To so seamlessly profess one goal while simultaneously undermining it is an impressive piece of political theater. Unfortunately, this particular drama is likely to have an unhappy ending – and the ticket price will be staggering.

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Upon reflection, when these very ugly chickens come home to roost, as also forecast by Reverend Wright, will there be any way to escape it?

It would seem that getting out of debt and getting very small in terms of exposures would be a good strategy.